News and market reports from Kraken Digital Asset Exchange

Kraken Announces Significant Progress In MtGox Claims Investigation

We are pleased to announce that significant progress has been made in the investigation into claims from creditors of MtGox. In November 2014, Kraken was selected to assist Tokyo District Court-appointed Trustee Nobuaki Kobayashi in the bankruptcy investigation of missing Bitcoin, receiving claims and distributing remaining assets to creditors of MtGox (read about it on our blog here). Today, the Trustee provided a long-awaited update on the investigation in claims at a scheduled Creditor’s Meeting in Tokyo.

Out of 9,863 persons who filed Bitcoin-only claims through the Japanese Trustee or through Kraken’s online service, 7,952 claimants have been approved. ¥12,583,717,791 JPY in bitcoin has been approved to creditors, with ¥27,547,026,403 JPY in bitcoin on hold.

According to today’s report, 24,733 people around the world have filed bankruptcy claims related to the MtGox exchange. The total amount of bankruptcy claims filed in both bitcoin and fiat currencies are ¥2,695,239,249,594 JPY. The Trustee is currently in possession of 202,163.41191816 bitcoin, currently worth over $84 million USD.

Trustee Nobuaki Kobayashi said, “Although the investigation into MtGox claims is still ongoing, we have made significant progress for creditors.”

Kraken CEO Jesse Powell added, “Continued progress in the MtGox bankruptcy proceedings will have beneficial effects for the bitcoin community globally. Kraken is proud to volunteer our resources and expertise in an attempt to minimize damage to creditors, restore faith in the bitcoin community, and demonstrate trusted leadership in the industry.”

Note: The best way to check the status of your claim, regardless of whether it was filed through Kraken or not, is to log in to claims.mtgox.com. While claims can be linked to a Kraken account, all of the details of the claims themselves are still stored on MtGox Trustee servers. Kraken support staff cannot access or alter details of your claim. If you are locked out of the claims site, please contact the bankruptcy trustee help desk phone number. As of now, you can only call – there is no way to contact their help desk via email.

Telephone: +81-3-4588-3922

Operating Hours: Monday to Friday (excluding Japanese national holidays), from 10 a.m. to 5 p.m. JST

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Founded in 2011, Kraken Digital Asset Exchange is one of the world’s largest and oldest bitcoin exchanges with the widest selection of digital assets and national currencies. Based in San Francisco with offices around the world, Kraken’s trading platform is consistently rated the best and most secure digital asset exchange by independent news media. Trusted by hundreds of thousands of traders, institutions, and authorities, including Germany’s BaFin regulated Fidor Bank, Kraken is the first exchange to display its market data on the Bloomberg Terminal, pass a cryptographically verifiable proof-of-reserves audit, and one of the first to offer leveraged margin trading. Kraken investors include Blockchain Capital, Digital Currency Group, Hummingbird Ventures, Money Partners Group, and SBI Investment.
For more information, please visit: Kraken.com.